Tag Archives: Section 69A

No Unexplained Cash Addition Under Section 69A When Income Declared Under Presumptive Taxation

By | January 9, 2025
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No Unexplained Cash Addition Under Section 69A When Income Declared Under Presumptive Taxation : ITAT Summary  : The ITAT Mumbai held that when an assessee declares income under the presumptive taxation scheme, Section 69A cannot be used to treat cash deposits as unexplained income, especially when there is no evidence of income from any other… Read More »

Cash seized from locker of wife children added to assessee’s income as he failed to prove their earning capacity

By | April 24, 2017
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HIGH COURT OF ALLAHABAD Commissioner of Income-tax (Central) Kanpur v. Dr. G. G. Dhir BHARATI SAPRU AND SAUMITRA DAYAL SINGH, JJ. IT APPEAL NO. 55 OF 2010 MARCH  30, 2017 Shubham Agarwal, S.C. for the Appellant. R.R. Agarwal and S. Agarwal for the Respondent. ORDER 1. The present income tax appeal under Section 260-A of… Read More »